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Re: DSherman post# 10373

Friday, 01/26/2018 11:35:05 AM

Friday, January 26, 2018 11:35:05 AM

Post# of 13032
This is correct. If you didn't sell a majority of your shares somewhere in the $8-$10 then you just haven't been paying attention to this sector. You have to ask why would every stock in this sector take off like it did right around the new year? It was ONLY because Cali was finally going to be legal and everyone and their brother wanted a piece of the pie. Very similar to bitcoin. The craze hits and tons of new investors flood into the sector and temporarily drive up the price.

Stop looking for fundamentals and looking at a chart. You won't find your answers there. This sector is still very new and it is driven on hype. If the federal government announces tomorrow that they are legalizing you would see another HUGE boom. In November if several more states legalize you will again see a run. Get in when everyone is going crazy over marijuana, but also know when to take a majority of your gains off the table because the craze will run out.
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